China Cancels U.S. Soybean Purchases

July 9, 2018
Soybeans are on the list of American goods being targeted by recent tariffs that went into effect last week.

China has responded to the tariffs put into effect by President Donald Trump by cancelling purchases and lowering commitments to buy more than 366,000 metric tons of U.S. Soybeans for the season ending August 31. This data is according to the U.S. Department of Agriculture data released for the week ended June 28.

Soybeans have been a key issue in the increased tensions between China and the United States as China is the world’s biggest importer and America’s largest customer. No word yet on what specific impacts this will have on Farmers in the U.S.

Read more about it on Bloomberg.com 

Sponsored Recommendations

F&B Manufacturer Implements Powerful Cybersecurity

A leading F&B manufacturer has moved to harness the skills of Rockwell Automation and Claroty to harden their OT and IT defences.

6 Ways to Augment Your Food and Beverage Workforce

Modern digital tools and technologies help attract, retain and empower a modern workforce.

2024 Manufacturing Trends - Unpacking AI, Workforce, and Cybersecurity

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

Better OT Asset Management Increases Uptime

A food and beverage company streamlines and simplifies its OT cybersecurity to increase system reliability and uptime.